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Most small companies think that the financial reform act permanently exempts them from implementing Sarbanes Oxley. This is not a correct assumption. What the act does is to exempt small companies - those with under $75 million in capitalization from Section 404(b) of the Sarbanes Oxley act. The legislation does not affect section 404(a) of the Sarbanes Oxley Act. This section requires management to document and evaluate the effectiveness of internal controls over financial reporting.

The Financial Reform bill also affects many other areas which can have an impact on a company's internal control over financial reporting. For example one aspect of the law affects disclosure requirements on executive compensation.

Please visit our resournce page where we have posted more information on this important topic.

If you are looking for Governance, Risk and Compliance (GRC) software for Sarbanes Oxley, Internal Audit or any other GRC requirement, nothing on the market today matches SOX Expert for its speed and ease of installation, simplicity of use, amazingly low cost and comprehensive GRC process management.

SOX Expert will provide:

an overall profile of your organization’s controls

the ability to track and summarize testing results & exceptions

process risk mitigation analysis

easily generated management reports

integrated controls database and testing programs

assurance that control samples tested cover the entire year

dashboard testing progress on the fly

the ability to track testing document requests

intuitive remedial safeguards eliminate errors

Simply put, SOX Expert will solve your current GRC solution problems, eliminate any future recurrence of those problems and put you in a position of unparalleled clarity and control. And it will do this at a fraction of your current costs. Please explore the rest of our site and learn more about what SOX Expert can do for your organization.

4.Your Risk Control Matrix and Test Plans are separate documents that do not dynamically update each other for changes you make. 5.You spend more than 15 minutes each day or 1 hour per week generating management reports to monitor and summarize your controls testing.6.Your current software is too hard to use or does not automatically produce the management reports you need.7.You cannot easily explain to your external auditor how your controls have changed year over year.8.Your software does not alert you to missing information or improper values. 9.Your software does not provide visual highlights for required and/or incomplete testing.10.Your software does not provide you with an adequate top down control profile of your organization.